.Our_DA urges banks, creditors to reject SAA’s appeal for R5.3 billion loan
JOHANNESBURG - South African Airways will not get loans from the country's banks -at least not if the Democratic Alliance gets its wish.
Government, through National Treasury and the Public Enterprises Department, needs to come up with the money to help recapitalise the struggling airline. The departments have been criticised for failing to give clarity around where the money; the estimated R10 billion that is needed to get the business rescue plan off the ground; will come from.The organisation's Alf Lees said: “It’s unethical for the banks to lend to SAA when they would not lend to any other company which was not backed up by guarantees or government taxpayer’s guarantees in the private sector.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
R5,000 reward offered to help find person who shot crowned eagle in DurbanA R5,000 reward is being offered to the person who can help put behind bars the culprit who shot a crowned eagle in Durban.
Read more »
R5,000 reward offered to help find person who shot crowned eagle in DurbanA R5,000 reward is being offered to the person who can help put behind bars the culprit who shot a crowned eagle in Durban.
Read more »
Health MEC's messenger gets R5,000 bail in bribery, drink-driving matterEastern Cape health MEC Sindiswa Gomba's personal messenger and Buffalo City municipality ANC Youth League regional task team member Ayanda Matinise has been granted R5,000 bail by the King William’s Town magistrate's court.
Read more »
Health MEC's messenger gets R5,000 bail in bribery, drink-driving matterEastern Cape health MEC Sindiswa Gomba's personal messenger and Buffalo City municipality ANC Youth League regional task team member Ayanda Matinise has been granted R5,000 bail by the King William’s Town magistrate's court.
Read more »
Would you pay R5 million for this stretched Ferrari limo?You’ve surely dreamed of owning a Ferrari. And you may have fantasised about having a stretched limo with a built-in bar. But you probably never envisioned these two as the same car. IOLmotoring
Read more »
Treasury allows liquor industry to pay excise duties of R5.1bn after 90 daysThe liquor industry has welcomed the National Treasury's decision to grant them permission to pay excise tax due on alcoholic beverages of R5.1 billion after 90 days while waiting for the government to lift the ban on the sale of alcohol. alcoholban
Read more »